1154 N Ogden Dr, West Hollywood, CA 90046
- $2,149,000
- 7
- BD
- 6
- BA
- 3,208
- SqFt
- List Price
- $2,149,000
- MLS#
- 26876391
- Year Built
- 1920
- Bedrooms
- 7
- Bathrooms
- 6
- Living Sq. Ft
- 3,208
- Lot Size
- 7,562
- Days on Market
- 0
- Property Type
- Multifamily
- Style
- California Bungalow
- Stories
- 2
Property Description
Located in the heart of West Hollywood, this 3-unit property is a standout opportunity for investors seeking income and long-term upside. The front house, a beautifully renovated 3 bedroom, 2 bathroom home updated within the past year, is complemented by a rear building of two identical stacked 2 bedroom, 2 bathroom units, each with access to covered carport parking. Every unit is currently leased, providing reliable and consistent income from day one with a current cap rate of about 5.03%. With market value rents, this property projects a cap rate of about 6.14%. Adding to the appeal, the property comes with plans for a 4-unit townhome development, giving the next owner a clear path toward future value creation. Ideally positioned near Santa Monica Blvd, this is a rare chance to own an income-producing asset with meaningful room to grow, just minutes from the shops and dining West Hollywood has to offer.
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Additional Information
- Association Amenities
- None
- Lot Description
- Single Lot, Front Yard, Fenced
- Other Buildings
- None
- Pool Description
- None
- Heat
- Wall Gas
- Cooling
- Wall Unit(s)
- Number of Cars in Garage
- Carport, Driveway
Mortgage Calculator
Courtesy of Douglas Elliman of California, Inc., Jacob Greene - CA DRE#01933997
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